Federal regulators asked UnitedHealth Group and home healthcare provider LHC Group for additional information related to their proposed $5.4 billion deal, LHC disclosed in a Friday filing with the U.S. Securities and Exchange Commission.
UnitedHealth Group announced plans to purchase LHC Group in March. The healthcare giant plans to add LHC to its Optum healthcare services subsidiary, in a move to beef up its in-home care delivery. The deal was expected to close in the second half of 2022.
The request extends by 30 days the length of time the companies would have to wait before closing a deal once it has been approved by regulators. The FTC could remove that requirement.
The SEC filing said LHC Group and UnitedHealth Group have been cooperating with the FTC and will continue to do so.
UnitedHealth Group and LHC did not immediately respond to interview requests.
The companies have said LHC leadership will remain after the acquisition closes and co-founders Keith and Ginger Myers will purchase $10 million in UnitedHealth Group stock.
Source
FTC asks for more information on UnitedHealth’s $5.4B deal for LHC Group is written by Nona Tepper for www.modernhealthcare.com
